ED Magedson – Founder
Quaker State Commercial Finance1950 Butler Pike, # 137, Conshohoken, Pennsylvania USA
Quaker State Commercial Finance Leonard J. Keating Defrauded Charity for Children causing 5 million in losses Conshohoken Pennsylvania
Our Charity was contacted by this company and were told they were a lender and if we send in $5,000 of the childrens money they would lend on one of the few assets of the charity. Once we sent in the money they became impossible to contact again. We are finding out they don't actually have a lending license and don't actually close land loans at any dollar amount. The charity has lost almost half it's assets as that $5,000 was tagged to go to an actual lender for appraisals. who would steal from a childrens charity? Do not send them money but let us see the paperwork they may send you to solicite funds and pretend to be a lender. we are gathering documents from these cons.
This report was posted on Ripoff Report on 05/18/2013 10:31 PM and is a permanent record located here: http://www.ripoffreport.com/reports/quaker-state-commercial-finance/conshohoken-pennsylvania-19428/quaker-state-commercial-finance-leonard-j-keating-defrauded-charity-for-children-causin-1052051. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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